1971 federal deficit about $25 billion
Published 7:00 am Sunday, August 1, 2021
An article on the front page of the Daily News on July 28, 1971, reported that the federal budget deficit was between $20 billion and $25 billion, the second-largest deficit since World War II.
The deficit for Fiscal Year 2020 was $3.1 trillion.
– “Way Back When in Warren County” is compiled by researchers at the Warren County Public Library and appears twice weekly in the Bowling Green Daily News. For more information about the library, visit warrenpl.org.